Stock for intraday trading: Sell Infosys Technologies Limited (INFOSYSTCH) @ 3035 for target 2997 and 2965 place protective stop loss at 3063. As soon as the Q4 result was declared we have seen the panic selling in this stock. At CMP of 3035 it is already trading very negative by more than 8%, and is more likely to be bearish today, So it seems to attract more sellers in this counter. The open interest data states that fresh short positions are built today with good number of volume. Technical indicators are confirming the bearishness and is in favor of trade, stock INFOSYSTCH.
About Bhaveek PatelBhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.
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